NEW YORK ( TheStreet) -- Gerdau (NYSE: GGB) hit a new 52-week low Tuesday as it is currently trading at $6.62, below its previous 52-week low of $6.63 with 7.3 million shares traded as of 2:15 p.m. ET. Average volume has been 10 million shares over the past 30 days.

Gerdau has a market cap of $12.2 billion and is part of the basic materials sector and metals & mining industry. Shares are down 51.1% year to date as of the close of trading on Monday.

Gerdau S.A. engages in the production and sale of steel products in Brazil and internationally. The company has a P/E ratio of 5.9, below the average metals & mining industry P/E ratio of 9.8 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Gerdau as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Gerdau Ratings Report.

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